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Where to find the best deals

THE days of easy borrowing may be over. However, it is still possible to grab some good deals - although given the pace of change you may need to act fast to secure a top rate.

What is better, a tracker or fixed rate? It all depends on whether the Bank of England cuts its rate again - something most economists expect to happen before the year's end. However, stubbornly high inflation means that it is no longer clear how soon this will occur.

Fixed-rate deals are cheaper at the moment. For example, First Direct's market-leading two-year fix for borrowers with a 20% deposit stands at 4.75%.

The best buy tracker from Coop is at 5.24% and available to borrowers with a 10% deposit.

I only have a 5% deposit. What is available to me? The best deals with no higher lending charge are Newcastle building society's two-year fix at 5.25% with